How Much Does a Tesla Cost? Find the Answer

The prices of each different Tesla EV model will be broken down in this article, along with comparison tips. So, how much does a Tesla cost?

The cost of Tesla’s 2023 product line (Model S, Model 3, Model X, Model Y) is between $42990 and $138990 (pre-tax, preferential and specific options). Please take note that these prices will be impacted by the $7500 federal electric vehicle tax credit as well!

Keep reading.

How Much Does a Tesla Car Cost?

The Tesla lineup for 2023 (Model S, Model 3, Model X, Model Y) ranges in cost from $42,990 – $138,990 before taxes, incentives, and specific options. Be aware that these costs may be affected by the $7,500 federal EV tax credit as well!

The Model 3 Standard Range Plus, which has a base price of $42,990 before options, taxes, and incentives, is the least expensive Tesla model. However, if you add better wheels, Full Self-Driving ($15,000), and other interior/exterior upgrades, the price can rise quickly past $50,000.

The Plaid Model X, which has a base price of $119,990 and can be optioned to $144,990, is the priciest Tesla vehicle.

Of course, that $144,990 price tag includes a $2,500 upgrade for Red Multi-Coat paint, $5,500 for 22″ Turbine Wheels, $2,000 for the interior’s black and white theme, and $15,000 for Tesla’s Full Self-Driving software.

It’s true that these prices can be a bit on the high side (depending on your budget), but that doesn’t mean you can’t find a good deal on a Tesla or get into one at an affordable price point (you most definitely can).

You may have also noticed that we didn’t include the Standard Range RWD Model 3 (AKA the “$35,000 Model 3”) in this general price range—and that’s because It is no longer available from Tesla (more on this in a moment).

Now that we’ve covered the cost of new Tesla vehicles, let’s look at the prices of used Teslas…

How Much Does a Used Tesla Cost?

In 2023, a used Tesla vehicle ranges in cost from $32,000 – $140,000 depending upon the specific model, condition, and options. However, it’s crucial to note right away that EV prices have decreased significantly recently, and there are many reasons for this.

It goes without saying that used Tesla cars with lower mileage and newer model years will cost more than cars with higher mileage and older model years, but features and hardware versioning also matter.

The hardware for Tesla’s Full Self-Driving capable Autopilot 2.0, for instance, was released in the fall of 2016. Although all Teslas, regardless of model year, hold their resale value quite well, vehicles manufactured after this date typically have better resale values than those manufactured before.

Generally speaking, a used Model S/X will cost more than a used Model 3/Y, with a used original Roadster price falling closer to the S/X range.

An older (2012-2014) Model S or a pre-owned Model 3 are likely to be the least expensive used Teslas available, so look for those first.

Currently, if you want a Tesla for under $30,000, your options are almost entirely older Model S vehicles with more than 100,000 miles on them (although this will probably change in the future as used Model 3 prices fall).

Let’s look at pricing in even more detail by breaking down Tesla vehicle prices by model (S, 3, X, Y, and more) in the sections that follow.

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How Much Does a Tesla Model S Cost?

The all-wheel-drive-only Tesla Model S is significantly more expensive than the From its most recent MSRP of $106,190 to $96,380, the price of the Model 3’s Long Range variant, which can go 405 miles on a single charge, has been significantly reduced.

After the tri-motor Plaid variant saw its price hiked, first from $119,690 to $131,190 after the news dropped that Tesla won’t make the 520-mile, higher-performance Plaid+ model, which CEO Elon Musk claimed is no longer necessary, it saw yet another jump to a whopping $137,190. For the time being, that has been reduced to just $116,380, which is the lowest price ever for the Plaid.

Although its estimated driving range drops to 348 miles, the Model S Plaid benefits from a manufacturer-estimated 0-60 mph time of less than 2.0 seconds and a top speed of 200 mph. This might just be worth it. In our tests, a less powerful dual-motor Tesla Model S Plaid zoomed to 60 mph in just 2.1 seconds. It is now the fastest production vehicle we’ve tested.

How Much Does a Tesla Model 3 Cost?

As the cheapest Tesla available, the Model 3 has a lot to offer, including strong range and sleek styling. The rear-drive Standard Range Plus model had already seen its base price jump to as high as $48,190 as of March 2022, but Tesla has undone some of those increases, dropping the out-the-door MSRP to $43,990. The least expensive Model 3 was priced at $45,380 with the new $1,390 destination charge before another recent reduction of $1,000 pushed the out-the-door price to $44,380. This vehicle is eligible for the Federal EV tax credit once more, for a maximum rebate of $7,500, and has an estimated range of 267 miles.

The Long Range model, which has an EPA-rated range of 353 miles and had a starting price of $59,190, is oddly no longer available on Tesla’s website (as of February 2023). Its most recent price of $55,690, which was raised from $53,690 earlier in 2022, is a significant increase. There has been no word on pricing, but we anticipate this version returning to the lineup.

The racier Performance model is available and manages an EPA-rated 315 miles of range on a full charge and is now priced at $55,380 with destination—way down from the $64,190 Tesla had been charging for one. Due to separate electric motors at each axle, all-wheel drive is a standard feature on both Long Range and Performance models.

How Much is a Tesla Model X?

Known for its “Falcon Wing” doors, the Model X SUV is the most expensive Tesla is currently available. With an estimated range of 332 miles, the Tesla Model X Long Range now goes for $111,380, down big time from its most recent charge of $122,190. The estimated range of the Model X Plaid is 311 miles, but like the Model S Plaid, it has quicker acceleration and a higher top speed. Prices for this trim had started at an eye-watering $140,190, but like other Tesla prices have plunged to “just” $121,380, close to its original ask when it first debuted.

Five seats are included in the Model X as standard. A six-seat configuration costs an additional $6,500, while a seven-seat arrangement costs an additional $3,500.

How Much Does a Tesla Model Y Cost?

The Model Y, Tesla’s compact SUV, starts at a more reasonable $56,380 after recently seeing its entry-level trim’s price rise to $67,190 before falling to as low as $54,380. With that, you can get a long-range vehicle with an estimated 330-mile range, according to the EPA. That’s right—the cost of a Tesla is unpredictable. The five and seven-seat Long Range, however, is once more eligible for the Federal EV tax credit, which could save you up to $7,500.

Additionally, Tesla offers the Model Y in a Performance version with an estimated range of 303 miles and a now-steal-of-a price tag of $60,380 (it had been reduced to as low as $58,380 in January 2023), which is still a significant discount from its most recent $71,190 request. The Model Y has five seats as standard; for an additional $3,000, Long Range models can add a small third-row bench, increasing the SUV’s seating capacity to seven. Drop another $1,000 and Tesla adds a tow hitch, which allows users to make the most of the SUV’s available 3,500-pound towing capacity.

How Much Does a Tesla Cybertruck?

In 2021, the new Tesla Cybertruck was projected to range in cost from $39,990 – $69,990. Excluding taxes, state and local incentives, and upgrades like Full Self-Driving ($10,000), this range. Tesla removed this in late 2021, so the Cybertruck’s price is not displayed in 2023.

Because the Cybertruck hasn’t yet been manufactured, we have no way of knowing what used prices will be. However, if we had to guess based on the cost of other used Teslas, we’d say that a used Cybertruck could cost anywhere between $35,000 and $65,000, depending on the model, options, and other factors. However, the actual price may be considerably higher.

How Much is a Tesla Semi Truck?

In 2023, the Tesla Semi ranges in cost from $150,000 – $200,000 and requires a $5,000 reservation deposit with a $15,000 wire transfer payment due within the first 10 days.

The $150,000 Tesla Semi is said to have a 300-mile range, while the $180,000 Semi is said to have a 500-mile range. The final Tesla Semi is the Founder’s Series model, which costs $200,000 and requires a $195,000 wire transfer within the first 10 days of making the reservation.

Used Tesla Semi prices aren’t available yet because the Semi has not yet been produced in any meaningful volume, but we estimate it will range in cost from $135,000 – $190,000 depending upon mileage, condition, options, and other factors.

How Much Does a Tesla Roadster Cost?

In 2023, a new Tesla Roadster ranges in cost from $200,000 – $250,000 and requires a $5,000 deposit.

Both the $200,000 Roadster and the $250,000 Founders Series Roadster require wire payments of $45,000 and $245,000, respectively, to be made within 10 days for each model.

Used Tesla Roadsters range in model year from 2008 – 2012 and generally range in cost from $74,000 – $330,000 depending upon condition, mileage, and other factors (and there are some outliers in the million dollar range as well).

These prices will alter as new Tesla Roadsters are created and released onto the market, but for the time being, this is the price range that is relevant.

Since production numbers for Tesla Roadsters in this model year range (2008 to 2012) are quite low, you can expect to pay a premium to own a drivable piece of Tesla history.

Prices and Information for Future Tesla Vehicles

Tesla has shown off and made hints at a number of additional consumer-accessible models in addition to its current lineup. We can give you an idea of what to anticipate even though their exact costs and features aren’t yet known.

Tesla Roadster

Tesla hasn’t made a new Roadster since 2012, despite the fact that it was their first car and they released the original model. With 0-60 mph acceleration times of 1.9 seconds and a top speed of more than 250 mph, they’ve promised that the new Roadster will be their fastest vehicle yet. Reservation prices for this vehicle start at $50,000

Tesla Cybertruck

2019 saw the launch of Tesla’s Cybertruck. This truck from the company will have a 500-mile range and a 2.9-second 0-60 mph acceleration time when it becomes available for purchase in 2023.

Other Tesla Car Costs to Consider

Paying for a car involves more than just the costs we listed above or the costs a manufacturer posts online, just like it does with any other car purchase. The overall cost of purchasing a Tesla will go up due to additional fees, both recurring and one-time payments. When evaluating a Tesla purchase against other options, consider:

• Taxes and fees:depends on the model car you buy, as well as the sales tax rate in your area.
• Order fee: the nonrefundable fee Tesla charges to place your car order ($250)
• Destination & doc fee:the fee Tesla charges to transport your car from the Tesla factory to your delivery location ($1,200)
• Charging costs:varies based on your driving style, average mileage, the cost of electricity in your area, the car you drive, and more. Importantly, compared to gas-powered vehicles, electric cars like Teslas typically offer significant fuel savings.
• Service & maintenance costs:depends on your area, the car you drive, how often you drive, and more. Fun fact: according to Consumer Reports, EV and plug-in hybrid car drivers pay about half as much on car repairs and maintenance compared to drivers of cars with internal combustion engines.
• Insurance:varies depending on your area, the cost of your car, your driving history, and more.

Given the wide range of the aforementioned factors, it can be challenging to accurately estimate the overall costs of owning a Tesla. Fortunately, our EV showroom tailors your estimated costs based on your location, the anticipated length of ownership, and the number of miles you plan to drive annually. You can get your own personalized EV cost assessment here.

How Much Does It Cost to Replace a Tesla Battery?

The majority of indications point to electric vehicle batteries lasting significantly longer than those for vehicles with internal combustion engines. In climates with moderate temperatures, EV batteries typically last 12 to 15 years. However, it might be quite expensive if you find yourself in need of a battery replacement. Without installation, batteries cost between $10,000 and $12,000.

EV Incentives and Tax Breaks for Tesla Cars

Given how much money you can save with EV incentives, it’s crucial to know if you qualify for any tax credits before buying an electric vehicle. The most beneficial EV incentive in the nation, the Qualified Plug-in Electric Drive Motor Vehicle Tax Credit, provides a federal tax credit of up to $7,500 on the purchase of an electric vehicle. The only catch is that this incentive is only valid for the first 200,000 vehicles produced by a specific automaker, so there’s a chance you won’t be able to use it if you buy a well-liked electric vehicle model. Additionally, you must have a sufficient tax liability in order to benefit from this incentive. After all, what use is a tax credit if you don’t have a sufficient tax liability to begin with?

The full $7,500 federal tax credit for Tesla electric vehicles was reduced by half to $3,750 at the end of 2018, and then again to $1,875 in the second half of 2019. As of 2023, Tesla models are no longer eligible for the federal EV tax credit. This is due to the fact that in July 2018, Tesla sold 200,000 electric vehicles, which started the phase-out period for the credit.

Nevertheless, depending on where you live, you might be able to receive additional local or state incentives for your Tesla purchase. For instance, states like California, Maryland, and Colorado provide financial incentives or tax credits to drivers of electric vehicles. Others offer non-cash incentives like indefinite carpool access and free tolls. Whatever the case, there’s a good chance that after credits and incentives are taken into account, the price of your Tesla car will appear much more attractive.

You can look up all of the electric vehicle incentives available in your area by car brand and model, tax filing status, and household income using EnergySage’s EV showroom. Simply click the “Personalize Incentives” button and enter your zip code to get started.

FAQs

Summary: is Buying a Tesla Car Worth It?

The Tesla lineup for 2023 (Model S, Model 3, Model X, Model Y) ranges in cost from $42,990 – $138,990 before taxes, incentives, and specific options. Also, note that the federal EV tax credit of $7,500 can influence these prices!

Of course, buying a Tesla will cost more than most cars upfront; despite the release of the more-affordable Model Y, it’s still regarded as a luxury vehicle and has the price tag to match. When it comes down to it, whether or not you should buy a Tesla depends on your preferences and personal finances. Positively, Tesla owners typically save money on fuel and maintenance compared to owners of comparable luxury cars powered by gas. If environmental stewardship is important to you, an electric car—a Tesla model or another brand—is the way to go. Electric cars like Teslas help reduce pollution in addition to saving money.

If you have any questions, please leave a comment. KV Auto tries to give you the best car industry information. Thank you for reading.